Local and international growth for JAC Motors

Local and international growth for JAC Motors

Compiled by John Floyd

The year 2020 will most probably be recorded in history as one of the most challenging years the world had to face – the human tragedy of the Covid-19 pandemic and the devastating impact on business across the globe. The automotive industry was not spared the subsequent effect of this pandemic, with some domestic markets experiencing extraordinary challenging trading conditions. However, the JAC Motors Group, one of the rising stars in the automotive industry, has announced that its annual sales in the Chinese domestic market have grown to 453 000 units. This sales performance is 7.6% higher YoY despite new-vehicle sales of the most prominent car market in the world declining by 1.4% YoY, mainly due to the impact of Covid-19. Similarly, in South Africa, JAC Motors has maintained its market growth since its market inception in 2017 and consistently grew its sales over this period despite the decline of new-car sales of 2.8% and 21.9% in 2019 and 2020. "Establishing and growing the JAC Motors brand in South Africa has been extremely rewarding," says Karl-Heinz Göbel, CEO of JAC Motors South Africa. "Many results over this period exceeded my expectations by far. From local customer acceptance of our product range to the global introduction of the company's new N55EV electric truck, all characterise the makings of a successful automotive brand. The innovative, newly-launched N55EV is a thoroughly tested electric truck from JAC Motors, fitted with its latest onboard EV technology.

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